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. >>> local seniors are taking a stand and making their voices heard in the fiscal cliff crisis. >> make it swift. don't throw seniors off the cliff. >> a group of workers and community leaders rallied outside the representative's office in san jose this morning. they say money should come from raising taxes on bank and corporations, not from cutting social programs. seniors held similar rallies today in 14 other california cities. >>> the president and house republicans have three weeks to compromise on tax hikes and spending cuts. ed to president obama hit the road to rally support from his plan. cbs reporter danielle nottingham has the latest from washington. >> president obama's public campaign to steer clear of the fiscal cliff took him to a diesel engine planted detroit. >> if congress doesn't act soon, meaning in the next few weeks, starting on january first, everybody's going to see their income taxes go up. >> private face to face talks were revised this weekend when house speaker boehner went over to the white house. neither side is releasing details about the conversation, but
. >>> local seniors are taking a stand and making their voices heard in the fiscal cliff crisis. >> make it swift. don't throw seniors off the cliff. >> a group of workers and community leaders rallied outside the representative's office in san jose this morning. they say money should come from raising taxes on bank and corporations, not from cutting social programs. seniors held similar rallies today in 14 other california cities. >>> the president and house...
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fiscal cliff. president obama and house speaker john boehner met behind closed doors sunday. it was their first face-to-face meeting since november 6, the election day, and now it look like some republicans may be breaking ranks. susan mcginnis is in washington with the latest. hi, susan. good morning to you. >> hi. many on capitol hill are encouraged by the weekend talks, but to get a deal done on time, apparently action this week is said to be critical. and now we have the president heading out on the road again. president obama leaves d.c. today, headed to michigan to talk to auto workers, part of his strategy to generate public support for his plan to avoid the fiscal cliff, the tax hikes and spending cuts due to kick in at year end. the president and house speaker john boehner met one on one at the white house on sunday. while no details were leaked, a rarity for washington, we do know the main sticking points remain. raising taxes on high earners and making cuts to entitlement programs like m
fiscal cliff. president obama and house speaker john boehner met behind closed doors sunday. it was their first face-to-face meeting since november 6, the election day, and now it look like some republicans may be breaking ranks. susan mcginnis is in washington with the latest. hi, susan. good morning to you. >> hi. many on capitol hill are encouraged by the weekend talks, but to get a deal done on time, apparently action this week is said to be critical. and now we have the president...
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. >>> continuing coverage now on the looming fiscal cliff. president obama met private lily with john boehner at the white house. aides say the lines of communication remain open. it was the first time the two men had met privately since election day. this morning, a republican senator hinted president obama's plan might work at least to change the debate. >> a lot of people are putting forth a theory, and i actually think it has merit, where you go in and give the president the 2% increase that he's talking about, the rate increase on the top 2%. all of a sudden, the shift goes back to entitlements. >> congress has three weeks to prevent automatic tax hikes for all americans, and drastic cuts in federal spending. >>> there is no plan to change a controversial practice of changing votes after a practice passes or fails. about half of those sworn in last week are new to the job. during the past session, aseem belie members changed their votes more than 5,000 times. the practice does not affect the outcome of a bill but it disallow lawmakers to
. >>> continuing coverage now on the looming fiscal cliff. president obama met private lily with john boehner at the white house. aides say the lines of communication remain open. it was the first time the two men had met privately since election day. this morning, a republican senator hinted president obama's plan might work at least to change the debate. >> a lot of people are putting forth a theory, and i actually think it has merit, where you go in and give the president the...
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. >>> all right, less than three weeks to go until that so-called fiscal cliff, and still no deal. but this morning, there are signs of some movement in negotiations. president obama and house speaker john boehner did speak by phone last night. that conversation came after the president offered to reduce his initial request for $1.6 trillion in new revenue to $1.4 trillion but is reportedly not backing down on raising taxes for the top 2%. boehner's spokesman said republicans are still seeking further concessions on spending cuts. >>> well, there are some new details this morning on that london nurse who took her own life after passing through a prank call at the hospital that was treating kate middleton for extreme morning sickness. jacintha saldanha's family reveals that she left a suicide note, though they haven't released details of what that note said. earlier this week, the two deejays who made the call said the tragedy has left them shattered, gutted and heartbroken. >>> now, here's your first look at this morning's "dish of scrambled politics." mitt romney wasn't the only o
. >>> all right, less than three weeks to go until that so-called fiscal cliff, and still no deal. but this morning, there are signs of some movement in negotiations. president obama and house speaker john boehner did speak by phone last night. that conversation came after the president offered to reduce his initial request for $1.6 trillion in new revenue to $1.4 trillion but is reportedly not backing down on raising taxes for the top 2%. boehner's spokesman said republicans are still...
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it continues to be about the fiscal cliff and if there is any progress being made in washington. silicon valley index, down more than half a percent. sears and adobe having some luck offering web based subscriptions to the side ship fleet product. and if you are trying to get your child to do better in school, one may not make the grade paying children to get good grades. offering money can discourage kids from working hard and cause frustration and resentment among siblings. they things like self-remembering liags and grit and resilience. but some parents paying kids for grades but and one analyst say it's a way of preparing them for life. >> it's okay. jane, i actually don't use money to buy them. i shame them. [ laughter ] >> shame them? >> why, you don't get shamed and that is form of bribery in itself. >> and lady with a gift of being shamed. [ laughter ] >> no shame in the forecast, bundling up today. from bad to worse. [ laughter ] >> not like you to do that. you can do that like i normally do. good morning to you. you don't shame them that much. we all do that a little bi
it continues to be about the fiscal cliff and if there is any progress being made in washington. silicon valley index, down more than half a percent. sears and adobe having some luck offering web based subscriptions to the side ship fleet product. and if you are trying to get your child to do better in school, one may not make the grade paying children to get good grades. offering money can discourage kids from working hard and cause frustration and resentment among siblings. they things like...
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obama and house speaker boehner met on sunday to discuss the fiscal cliff. but are they closer to a deal. jeff emmel will tell us why this needs to be solved now. >>> and we'll hear from senator joe mansion when we see you at 7. >> thank you charlie. >>> a heavy storm is pummeling the upper midwest. 16 inches of snow dumped on the twin cities in minnesota. crews hit the vikings metro dome are crapping up the late to -- cranking up the heat to melt the snow. you may remember the roof collapsed a couple years ago. flights have been canceled out of the minneapolis airport. if you're headed that way, it's a bit of a mess right now. >>> we're looking at this video. but outside right here, it almost makes you feel a little bit guilty. >> not even a little. we're seeing almost record highs today. temperatures are definitely going to be on the mild side. we're going to see plenty of sunshine. it is a different story in many parts of the country. sunny sides, coast bay and inland with temperatures in the mid- to upper 60s. why all the mild weather, because of the rid
obama and house speaker boehner met on sunday to discuss the fiscal cliff. but are they closer to a deal. jeff emmel will tell us why this needs to be solved now. >>> and we'll hear from senator joe mansion when we see you at 7. >> thank you charlie. >>> a heavy storm is pummeling the upper midwest. 16 inches of snow dumped on the twin cities in minnesota. crews hit the vikings metro dome are crapping up the late to -- cranking up the heat to melt the snow. you may...
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cliff. this morning a leading republican said any deal should include the major drivers of our debt. >> the long-term indebtedness of this country is baby boomers retiring putting pressure on medicaid, medicare and social security. i hope my party will look out for the country and not just the party itself and pure this president to do something he has never done before, lead in a bipartisan way. >> reporter: a little swipe there at the end but republicans have been consistent that it is important to address entitlement reform, something they very much want on the table if we're going to have a big deal in this fiscal cliff matter. jon? jon: on the democratic side it seems like they are holding firm on being sure that there is additional tax revenue in any fiscal cliff deal, right? >> jon, no question about that. they have been consistent from the very beginning. the president ran on the upper income americans paying more taxes as part of this deal. we heard more from chuck schumer on "fox n
cliff. this morning a leading republican said any deal should include the major drivers of our debt. >> the long-term indebtedness of this country is baby boomers retiring putting pressure on medicaid, medicare and social security. i hope my party will look out for the country and not just the party itself and pure this president to do something he has never done before, lead in a bipartisan way. >> reporter: a little swipe there at the end but republicans have been consistent that...
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hill where the "fiscal cliff" standoff could be decided. we'll ask former house speaker nancy pelosi where the negotiations stand today. >> plus, john miller is learning new details about the shooter at the mall outside of portland, oregon. and we'll take you to the new york's one world trade center where right now, the crews are working to raise the spire that will make it the tallest tower in the western hemisphere. those stories and more when we see you at 7:00. >> thank you. >>> two secret santas went on a shoppping spree in the east bay. walmart shoppers are still talking about the couple who handed out gifts and cash to total strangers. they paid shoppers' store bills at the register inside a livermore walmart on friday. they bought a toy sewing machine for a little girl when they heard she wanted one. >> they're nice people and giving other people stuff they can't afford. >> the walmart manager says the couple told workers they didn't want any recognition and they didn't want to be named. very generous. >>> well, if you can't dress u
hill where the "fiscal cliff" standoff could be decided. we'll ask former house speaker nancy pelosi where the negotiations stand today. >> plus, john miller is learning new details about the shooter at the mall outside of portland, oregon. and we'll take you to the new york's one world trade center where right now, the crews are working to raise the spire that will make it the tallest tower in the western hemisphere. those stories and more when we see you at 7:00. >>...
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troops will be assigned to the missiles. >>> there is a new twist in the fiscal cliff negotiation in washington, d.c.. as ktvu kilah campbell reports, going over that cliff may be the only way to reach a deal. >> reporter: dave, house speaker john boehner plans to head home today to ohio with no fiscal cliff deal in sight. the two met again at the white house last night but there is no deal on the table. and insiders say there may not be one until january. and here's why. democrats are sticking to their plan to raise taxes on the wealthy. republicans aren't backing down from extending their current tax rates and slashing spending. if neither side budges our company will tumble over the fiscal cliff until january 1st. they can all tell their constituents we tried and it didn't work but now everyone's taxes have gone up and we must compromise. a move like that irresponsible and the markets are already reacting to the possibility. more than that in my next update. live in washington kyla campbell. >>> here's a story only on two. oughtness accident of package theft here in the bay area.
troops will be assigned to the missiles. >>> there is a new twist in the fiscal cliff negotiation in washington, d.c.. as ktvu kilah campbell reports, going over that cliff may be the only way to reach a deal. >> reporter: dave, house speaker john boehner plans to head home today to ohio with no fiscal cliff deal in sight. the two met again at the white house last night but there is no deal on the table. and insiders say there may not be one until january. and here's why....
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welcome to "cbs this morning." the battle of the capitol budget, thousands set to protest a right to work law while in washington the fiscal cliff stalemate remains. >>> a
welcome to "cbs this morning." the battle of the capitol budget, thousands set to protest a right to work law while in washington the fiscal cliff stalemate remains. >>> a
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cliff possibly approaching. tomorrow we did have the start of a two-day fed meeting, expected to possibly look at more economic stimulus. market diet, dow and nasdaq positive, s&p lower only by a -- fraction. bloomberg trading up a of a percent. skinny suits may be turning fat profits, jobs picture improves, retailers generating 25 to 30% of its business from the suits. if you are expecting a holiday gift from your employer don't get your hopes up. advertising specialty institute says the average gift will be worth about $42. gift cards and cash are most popular. live at the tphaepblg, i'm jane king. -- >>> nobody is getting that starbucks card $400 card. >>> good morning. here's a look at live doppler, keep the umbrella away you need sunglasses maybe short sleeves during the afternoon, temperatures near records in a few areas, still concerns, fairfield and santa rosa 3/4 mile visibility because of the fog. you can see winds gusting fast around oakland light in our valleys you are much cooler there in the 30s an
cliff possibly approaching. tomorrow we did have the start of a two-day fed meeting, expected to possibly look at more economic stimulus. market diet, dow and nasdaq positive, s&p lower only by a -- fraction. bloomberg trading up a of a percent. skinny suits may be turning fat profits, jobs picture improves, retailers generating 25 to 30% of its business from the suits. if you are expecting a holiday gift from your employer don't get your hopes up. advertising specialty institute says the...
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the market is keeping an eye on that "fiscal cliff." the talks are going on in washington. and cbsmoneywatch reporter erica ferrari has an update from new york. >> reporter: good morning. concern over fiscal talks in washington could push stocks down for a second day. the dow finished down 74 thursday, nasdaq down 21. last night president obama and house speaker john boehner met for just under an hour. the brief meeting was described as frank but there is still no sign of a compromise. the white house says the president will not budge in his tax strategy to raise rates on the top 2% of americans. republicans want more cuts to social programs like medicare. >>> a new report showing growth in china's manufacturing sector lifted most asian stocks. hong kong's hang seng gained .5%. tokyo's nikkei shed a fraction. >>> now, you might not know the name but you have seen the unique label that norman woodland developed with another engineer. woodland invented the bar code. now what it is, that rectangle found on about every product we buy in stores. they got a patent for their inven
the market is keeping an eye on that "fiscal cliff." the talks are going on in washington. and cbsmoneywatch reporter erica ferrari has an update from new york. >> reporter: good morning. concern over fiscal talks in washington could push stocks down for a second day. the dow finished down 74 thursday, nasdaq down 21. last night president obama and house speaker john boehner met for just under an hour. the brief meeting was described as frank but there is still no sign of a...
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economists blame the fiscal cliff standoff for the situation. >> reporter: this morning's lower numbers piggy backed yesterday's slight drops on wall street and economists blame congressional leaders. this after the president and the speaker met last night. the speaker said he is available to negotiate over the phone. both parties say there is time to reach a deal before the deadline but it's not enough to keep businesses and investors worrying about what could come next. democrats say they are reaching out but the speaker is not willing to listen. >> he can't ignore the american people forever. at some point reality should set in. >> reporter: if the president and the speaker don't agree automatic tax hikes and spending cuts will kick in with the new year. >> at 8:14, a federal appeals court has ruled that california has the right to cut reimbursements to doctors, pharmacies and other medical providers. it made the cuts last year to help balance the budget. the ruling could make it harder to find doctors for as many as two million new patients who could be eligible for medical under th
economists blame the fiscal cliff standoff for the situation. >> reporter: this morning's lower numbers piggy backed yesterday's slight drops on wall street and economists blame congressional leaders. this after the president and the speaker met last night. the speaker said he is available to negotiate over the phone. both parties say there is time to reach a deal before the deadline but it's not enough to keep businesses and investors worrying about what could come next. democrats say...
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welcome back to "cbs this morning." this may be the critical week for a deal on the fiscal cliff. general electric ceo jeff immelt will tell us what's at stake in the u.s. and around the world. >>> and we'll talk with the ladies from "the talk" who are spending part of the holidays here in new york city. >>> first, here's a look at today's "eye opener at 8:00." >> the white house meeting here between president obama and speaker boehner occurred after the president extended that invitation to boehner on friday. >> there are 22 days left till the fiscal cliff deadline. there is no deal yet, but the two leading players are now talking face to face. >>> the colorado doctor kidnapped in afghanistan is safe this morning after a daring rescue mission by a team of navy s.e.a.l.s. >> the key to these things is surprise, speed and action. you get in there before they know you're coming. you're to the door before they know what's going on. >>> the upper midwest is digging out from its first major snowstorm. >> minnesota bore the brunt of this weather, some spots getting 16 inches of snow. >>
welcome back to "cbs this morning." this may be the critical week for a deal on the fiscal cliff. general electric ceo jeff immelt will tell us what's at stake in the u.s. and around the world. >>> and we'll talk with the ladies from "the talk" who are spending part of the holidays here in new york city. >>> first, here's a look at today's "eye opener at 8:00." >> the white house meeting here between president obama and speaker boehner...
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how the "fiscal cliff" affected his prize. we'll tell you. >> and a mother and her son rushed to escape their burning home in hayward. what she saw just before that has arson investigators on alert. >> and i'm live in daly city where a car drove over an embankment into a ditch the chp says one person may be suffering major injuries. we'll have more details in a live report coming up. ,, ,,,,,,,,,,,,,,,,,,,, >> >> your realtime captioner: linda marie macdonald story. >>> in daly city a car went over a cliff. we'll have details in a moment. >> a mother and son escape a burning home in hayward. why arson investigators call the fire suspicious. >> mostly clear and cold. rain tomorrow. we'll talk about that coming up. >> conditions at the bay bridge toll plaza, it's already starting to stack up in the cash lanes fastrak okay. much more "timesaver traffic" coming up. >>> good morning, everyone. it's tuesday, december 11th. i'm michelle griego. >> hi, everyone. itm frank mallicoat.
how the "fiscal cliff" affected his prize. we'll tell you. >> and a mother and her son rushed to escape their burning home in hayward. what she saw just before that has arson investigators on alert. >> and i'm live in daly city where a car drove over an embankment into a ditch the chp says one person may be suffering major injuries. we'll have more details in a live report coming up. ,, ,,,,,,,,,,,,,,,,,,,, >> >> your realtime captioner: linda marie macdonald...
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the fiscal cliff. republicans and democrats have been deadlocked on how to stop tax hikes and spending cuts that are set to kick in at the beginning of the year. >>> dallas cowboys defensive lineman josh brent has been released from jail after posting half a million dollars bail. he is being charged in the death of his teammate and close friend jerry brown. police say he was drunk awhen h wrecked the car that killed brown. >>> morsi rescinded much of the de krch decree. a disputed draft of the constitution for the country. >>> mandy drew is at the new york stock exchange. good morning to you, mandy. >> good morning, natalie. lots of headwind from overseas, political shakeup in italy and sharply slowing down chinese export growth, keeping u.s. traders on edge not to mention the vagaries of the fiscal cliff. markets move with progress or lack of progress as the case may be. the congressional budget office says we could be back in recession the first half of next year if a deal is not reached. those are t
the fiscal cliff. republicans and democrats have been deadlocked on how to stop tax hikes and spending cuts that are set to kick in at the beginning of the year. >>> dallas cowboys defensive lineman josh brent has been released from jail after posting half a million dollars bail. he is being charged in the death of his teammate and close friend jerry brown. police say he was drunk awhen h wrecked the car that killed brown. >>> morsi rescinded much of the de krch decree. a...
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>> even the late night comics getting fed up with the fiscal cliff stuff. good morning, everybody. i'm brian sullivan and welcome to way too early. only 2 1/2 more shopping weeks left until christmas by the way. so do your duty, america, bring our economy back from the brink. we've got a lot to talk about on this wednesday, december 5th. thanks for joining us. including a shameful display of partisanship in congress that resulted in the voting down of a u.n. treaty aimed at spreading rights for disabled people. even the venerable bob dole could not bring both sides together on this one. also major unrest in egypt as 100,000 protesters stormed the palace in cairo forcing president morsi to flee. we'll update you on the situation there. but first our top story live here at 5:30 a.m. at 30 rock in new york city. and we begin with the latest on the rapidly approaching fiscal cliff deadline of automatic tax hikes on everybody and what appears to be a stalemate in the negotiations. in his first interview since the election, president obama reiterated his demand that any deal must raise t
>> even the late night comics getting fed up with the fiscal cliff stuff. good morning, everybody. i'm brian sullivan and welcome to way too early. only 2 1/2 more shopping weeks left until christmas by the way. so do your duty, america, bring our economy back from the brink. we've got a lot to talk about on this wednesday, december 5th. thanks for joining us. including a shameful display of partisanship in congress that resulted in the voting down of a u.n. treaty aimed at spreading...
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this morning's top stories, go over the fiscal cliff in 13 days. house speaker john boehner and president obama more willing to compromise. he agrees to tax hikes on families earning 1 million and up and across the board cuts to military and domestic programs. the president wants tax hikes for those families making $400,000 or more. >>> two convicted bank robbers on the run after authorities say they escaped federal prison, scaling down 20 stories on a makeshift rope made of bed sheets. >> oh, boy. >> jose banks and kenneth connelly weren't there for a head count yesterday morning. the fbi stormed one home and might have just missed them. >> wow. that's incredible that they were able to get away with that. >>> investigators are trying to determine what caused a 1,000 gallon propane tank to ignite and explode at a shopping center in virginia, folks. that blast damaged a half a dozen businesses and injured a firefighter as well. it happened in amherst on monday night. >>> images that are striking and scary. check out this video of more than a dozen t
this morning's top stories, go over the fiscal cliff in 13 days. house speaker john boehner and president obama more willing to compromise. he agrees to tax hikes on families earning 1 million and up and across the board cuts to military and domestic programs. the president wants tax hikes for those families making $400,000 or more. >>> two convicted bank robbers on the run after authorities say they escaped federal prison, scaling down 20 stories on a makeshift rope made of bed...
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everybody in the eastern congo gets up and they're falling off the fiscal cliff every morning when they get out of bed trying to figure out if they can feed their child living on $1 a day or half a dollar a day. so i think it's all relative. and the world doesn't end. and i'm not even sure that going off the cliff isn't the slap in the face we need to say, folks, we need to do better. >> would you be happy to pay more tax? >> i don't think you have to pay more tax. i tell you what i think it amounts to. when my dad started talking about this i started paying attention to what tax i paid. i'm in the 35% tax bracket. but i went back and figured it out -- i should say my wife went back and figured it out, she did all the work. you know what, we paid just under 24% on an average across the five years. i think if people paid what they are supposed to pay within the tax bracket, you don't have to raise taxes. >> final question, what on earth do you buy warren buffett for christmas? >> now you've put me on the spot. you know, i think -- >> do you go big, do you go small? >> you go with any ide
everybody in the eastern congo gets up and they're falling off the fiscal cliff every morning when they get out of bed trying to figure out if they can feed their child living on $1 a day or half a dollar a day. so i think it's all relative. and the world doesn't end. and i'm not even sure that going off the cliff isn't the slap in the face we need to say, folks, we need to do better. >> would you be happy to pay more tax? >> i don't think you have to pay more tax. i tell you what i...
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cliff. taking his message directly to the american people. we'll have more after the break. people have doubts about taking aspirin for pain. but they haven't experienced extra strength bayer advanced aspirin. in fact, in a recent survey, 95% of people who tried it agreed that it relieved their headache fast. visit fastreliefchallenge.com today for a special trial offer. so all of you do. yes, for sure. now what's better? being able to shoot two lasers out of both of your eyes at the same time or just one laser out of one eye? [ all kids ] two! [ moderator ] okay, why? if it's just one beam -- okay, it does a little bit of damage. two beams -- it will make something explode! and that's more fun? yeah! and it's more powerful you're saying? yeah! [ male announcer ] it's not complicated. doing two things at once is better. and only at&t's network lets you talk and surf on your iphone 5. ♪ >>> looking at pictures there of president obama with a crowd. this is in detroit, michigan. he just step
cliff. taking his message directly to the american people. we'll have more after the break. people have doubts about taking aspirin for pain. but they haven't experienced extra strength bayer advanced aspirin. in fact, in a recent survey, 95% of people who tried it agreed that it relieved their headache fast. visit fastreliefchallenge.com today for a special trial offer. so all of you do. yes, for sure. now what's better? being able to shoot two lasers out of both of your eyes at the same time...
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finally meeting face-to-face over the fiscal cliff. they sat down at the white house yesterday. neither side is discussing details. both agree the lines of communication remain open. massive tax hikes and spending cuts take hold in 22 days if the two leaders can't work out a deal. >> a busy day sunday at seattle city hall. 133 same-sex couples tied the knot. sarah and emily cover were among the first couples to get married. the same-sex couples married sunday in seattle were among the first to pick up their marriage licenses last thursday. the state required a three-day waiting period before ceremonies. >>> european union leaders are in oslo to receive the nobel peace prize. hundreds of protesters have been braving oslo's snow. the prize was meant to honor contributions to disarmament and eu member states account for a third of global arms exports. >> thanks, christine. >>> it is now 15 minutes after the hour. time for "early read," your local newsmaking national headlines. a big medical story in the "philadelphia enquirer." it's in a
finally meeting face-to-face over the fiscal cliff. they sat down at the white house yesterday. neither side is discussing details. both agree the lines of communication remain open. massive tax hikes and spending cuts take hold in 22 days if the two leaders can't work out a deal. >> a busy day sunday at seattle city hall. 133 same-sex couples tied the knot. sarah and emily cover were among the first couples to get married. the same-sex couples married sunday in seattle were among the...
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that fiscal cliff. president obama will be meeting with congressional leaders later today. nbc's danielle leigh joins us live with the latest on capitol hill. danielle, what is the datest in terms of what we can expect in the next coming days and the likelihood that they can reach a deal? >> reporter: mara, good morning. well, this meeting that is the last-minute meeting at the white house is going to be integral. they need to see progress in this meeting if they're going to get a deal done before midnight on monday. as you know, the senate came back early from the christmas holiday yesterday. but they didn't seem able to compromise. they continued the bickering. the house wasn't even here. they're not even in play yet. they're now coming back on sunday. so we really need to see congressional leaders see some kind of a plan that can be voted on before that december 31st deadline. lawmakers say it's getting decreasingly unlikely that's going to happen. many have serious doubts about whether or not they w
that fiscal cliff. president obama will be meeting with congressional leaders later today. nbc's danielle leigh joins us live with the latest on capitol hill. danielle, what is the datest in terms of what we can expect in the next coming days and the likelihood that they can reach a deal? >> reporter: mara, good morning. well, this meeting that is the last-minute meeting at the white house is going to be integral. they need to see progress in this meeting if they're going to get a deal...
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one thing has been agreed upon in the fiscal cliff talks, not to discuss the details. many look at this bipartisan silence and see an encouraging sign but white house and congressional sources tell me that while the atmosphere around these talks is positive between the president and speaker john boehner, when it gets to the underlying details, progress is maddeningly slow. president obama telephoned senate majority leader harry reid monday while rob nabors huddled for a second day in a row aide to speaker john boehner. no discernible progress toward breaking the fiscal cliff stalemate. mr. obama left that drama behind and told supporters in suburban detroit the fiscal cliff is serious business. >> if congress doesn't act soon, meaning in the next few weeks, starting on january 1st, everybody's going to see their income taxes go up. >> reporter: boehner and house republicans want to preserve all the bush era tax rates due to expire at year's end, shielding everyone from a tax increase. mr. obama wants to raise them for households earning more than $250,000 a year. he ha
one thing has been agreed upon in the fiscal cliff talks, not to discuss the details. many look at this bipartisan silence and see an encouraging sign but white house and congressional sources tell me that while the atmosphere around these talks is positive between the president and speaker john boehner, when it gets to the underlying details, progress is maddeningly slow. president obama telephoned senate majority leader harry reid monday while rob nabors huddled for a second day in a row aide...
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he was supposed to be making a talk on fiscal cliff, but he decided to bring up michigan. do you think that he somehow intentionally or not emboldened the protesters there? >> of course he did. i mean, imagine this. this guy is bought and paid for, literally hundreds of millions of dollars of union contributions helped put president obama back in for a second term. the fact that he's backing the thuggish behavior of unions in michigan, i mean, he backed the thuggish behavior of unions in wisconsin, and it should be -- well, if you're a union member, you ought to be ashamed of the behavior of your union brothers. there's a democratic process, the people of michigan have elected representatives and an elected governor. they've made a choice to change the law and take away this crazy monopoly that lets unions force people to be members. i once had to be a member of a union. i hated it because they made me do things i didn't want to do. it's an inherently corrupt kind of organization to say you have to belong to a union to have a job. and the fact that the president gets into
he was supposed to be making a talk on fiscal cliff, but he decided to bring up michigan. do you think that he somehow intentionally or not emboldened the protesters there? >> of course he did. i mean, imagine this. this guy is bought and paid for, literally hundreds of millions of dollars of union contributions helped put president obama back in for a second term. the fact that he's backing the thuggish behavior of unions in michigan, i mean, he backed the thuggish behavior of unions in...
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Dec 28, 2012
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update on washington's fiscal cliff negotiations. we'll hear from republican senator bob corker, plus the damaging economic strikes looming at more than a dozen of our nation's forts. >>> a guy getting fit will sit with the best-selling authors of "fit" this year. that's the "cbs morning news" for this friday. thanks for watching. i'm duarte geraldino. have a great day. -- captions by vitac -- www.vitac.com >> your realtime captioner: linda marie macdonald >>> hi, everyone. good morning. it's our last friday of 2012! december 28th. i'm frank mallicoat. >> i'm michelle griego. time now is just about 4:30. let's start things off with a look at weather and traffic. i feel like i'm losing my voice. >> oh, no. >> i know. >> are you really? >> a little bit. >> you have so many visitors in town. >> i know! >> the entire state of colorado stayed at your house! >> you will have the weekend to rest your voice. >>> in the weather, we are getting a check of our high-def doppler radar. and it's quiet for now. but we are anticipating some big chan
update on washington's fiscal cliff negotiations. we'll hear from republican senator bob corker, plus the damaging economic strikes looming at more than a dozen of our nation's forts. >>> a guy getting fit will sit with the best-selling authors of "fit" this year. that's the "cbs morning news" for this friday. thanks for watching. i'm duarte geraldino. have a great day. -- captions by vitac -- www.vitac.com >> your realtime captioner: linda marie macdonald...
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yes that is because the fiscal cliff is what we're talking about this morning. that's the starting point. president obama and the house speaker speaking face to face for the first time in more than three weeks. the two men who stand between millions of americans and the fiscal cliff sat down, had a conversation. a critical development 22 days away from the cliff, which means severe tax hikes and spending cuts unless the two can find a way to compromise. nobody is saying much. but spokesperson says the lines of communication remain open erskin bowles said this. >> you know, they have started to tango now and any time have you two guys in there tangoing, have you a chance to get it done. >> our white house correspondent, brianna keilar, live in washington, d.c. this morning. it doesn't sound like very much. but i guess we're making a lot out of it, a first step. any indication where it goes next? >> we don't know where it goes next. they are saying the lines of communication are open. we're expecting the white house and the speaker's office, they are going to cont
yes that is because the fiscal cliff is what we're talking about this morning. that's the starting point. president obama and the house speaker speaking face to face for the first time in more than three weeks. the two men who stand between millions of americans and the fiscal cliff sat down, had a conversation. a critical development 22 days away from the cliff, which means severe tax hikes and spending cuts unless the two can find a way to compromise. nobody is saying much. but spokesperson...
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Dec 12, 2012
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we will talk more about the fiscal cliff this morning on "the washington journal." what tax deductions would you give up as part of a solution to the deficit problems? here are the numbers to call. for republicans, 202-585-3881. for democrats, 202-585-3880. for independents, 202-585-3882. you can also find us online. send us a tweet, twitter.com/c- spanwj. find a son facebook and weigh in there. at journal@c- span.org. "the christian science monitor," asked what we would be willing to give up. "americans would be willing to give up the tax deduction for charitable giving over other popular tax breaks." host: let's take a look at the results of this poll. 25% said that they would be willing to give up the charitable giving tax deduction. almost the same amount said it would be willing to give up their deduction for state taxes. 19% said they would be willing to give up host: we would like to hear what deduction you would give up. you can weigh in on our facebook page, there's a poll set up where you can tell us specifically which interests you the most, or perhaps wh
we will talk more about the fiscal cliff this morning on "the washington journal." what tax deductions would you give up as part of a solution to the deficit problems? here are the numbers to call. for republicans, 202-585-3881. for democrats, 202-585-3880. for independents, 202-585-3882. you can also find us online. send us a tweet, twitter.com/c- spanwj. find a son facebook and weigh in there. at journal@c- span.org. "the christian science monitor," asked what we would be...
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. >> matthew chance for us this morning in london. >>> in washington all eyes on the fiscal cliff, now just 22 days away. with the white house and republican leaders at a stalemate, president obama is hitting the road to rally support for his plan, which would raise taxes for the wealthiest americans. he met yesterday with house speaker john boehner, their first face to face meeting in more than three weeks. today the president will visit a detroit engine factory to rally support from auto workers. the president's meeting with speaker boehner didn't yield a big breakthrough, but the men did manage to agree on one thing, and that is that they will keep their negotiations behind closed doors. the men released this identical statement, saying this afternoon the president and speaker boehner met at the white house to discuss efforts to resolve the fiscal cliff. we're not reading out details of the conversation, but the lines of communication remain open. cnn's dan lothian is at the white house this morning. dan, i guess the fact that the lines of communication are open is a good sign. >> r
. >> matthew chance for us this morning in london. >>> in washington all eyes on the fiscal cliff, now just 22 days away. with the white house and republican leaders at a stalemate, president obama is hitting the road to rally support for his plan, which would raise taxes for the wealthiest americans. he met yesterday with house speaker john boehner, their first face to face meeting in more than three weeks. today the president will visit a detroit engine factory to rally support...
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Nov 16, 2012
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after that, more about the fiscal cliff with a member of the house services committee. plus hear some calls, e-mails, and tweets. "washington journal" live sixth morning on c-span -- live this morning on suspicion. >> the assassination has been dominated by two schools of thought. i will briefly describe each of them and how they approach the evidence in the case. to begin with, some insist house walls and ruby were loan -- oswald and ruby were lone nuts. and there is the conspiracy theory. they are convinced there was a large conspiracy and a massive cover-up. >> this weekend on c-span 3's american history tv, 30 years later the mystery remains. what happened in dallas? the assassination of john f. kennedy. alan kruger, chairman of the press the's council of economic advisers spoke at the economic -- chairman of the president's's council of economic advisers spoke at the economic club of washington. >> we are very pleased today to have the chairman of the president's council of economic advisers with us. alan kreuger is a native of new jersey. he went to undergraduate
after that, more about the fiscal cliff with a member of the house services committee. plus hear some calls, e-mails, and tweets. "washington journal" live sixth morning on c-span -- live this morning on suspicion. >> the assassination has been dominated by two schools of thought. i will briefly describe each of them and how they approach the evidence in the case. to begin with, some insist house walls and ruby were loan -- oswald and ruby were lone nuts. and there is the...
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the fiscal cliff negotiations. bohn erspoke last night with the president -- boehner spoke last night with the president. >>> 8:48. the owner of a monkey found wounderring in an ikea parking lot in canada is fighting to get her pet back. she says she could be open to allowing the monkey to stay at a sanctuary if it is being treated well but she said she knows the monkey wants to be with her. >> no matter what anybody else says, i know --fy walk into the room, let him -- if i walk into the room, let him choose. >>> police were called too a toronto ikea -- called to a tron co ikea store -- tron co ikea store -- toronto ikea store. pictures of this went viral on social media. >>> the crab won'ts were tied up -- boats were tied up at the boats were weeks after wholesalers dropped their price for fresh crab. before thanksgiving, brokers were paying $3 a pound. but after the holiday, they say demand fell so they lowered the price pie as much as 50 cents. the -- by as much as 50 cents. some of the captains out there expec
the fiscal cliff negotiations. bohn erspoke last night with the president -- boehner spoke last night with the president. >>> 8:48. the owner of a monkey found wounderring in an ikea parking lot in canada is fighting to get her pet back. she says she could be open to allowing the monkey to stay at a sanctuary if it is being treated well but she said she knows the monkey wants to be with her. >> no matter what anybody else says, i know --fy walk into the room, let him -- if i walk...
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Dec 11, 2012
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thank you so much. >> house republicans send a new fiscal cliff offer to the white house. we're going to talk about the looming crisis with the former treasury secretary robert rubin. plus, the real live controversy dogging the cia analyst. she's the subject of a new movie about the raid that killed osama bin laden. >> the whole world is going to want to know this. now with a fancy coating that gives you a burst of wildberry flavor. now why make a flavored heartburn pill? because this is america. and we don't just make things you want, we make things you didn't even know you wanted. like a spoon fork. spray cheese. and jeans made out of sweatpants. so grab yourself some new prilosec otc wildberry. [ male announcer ] one pill each morning. 24 hours. zero heartburn. satisfaction guaranteed or your money back. neural speeds increasing to 4g lte. brain upgrading to a quad-core processor. predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. ♪ ♪ [ male announcer ] everyone deserves the
thank you so much. >> house republicans send a new fiscal cliff offer to the white house. we're going to talk about the looming crisis with the former treasury secretary robert rubin. plus, the real live controversy dogging the cia analyst. she's the subject of a new movie about the raid that killed osama bin laden. >> the whole world is going to want to know this. now with a fancy coating that gives you a burst of wildberry flavor. now why make a flavored heartburn pill? because...
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Dec 19, 2012
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that was amid optimism that a deal will be reached on the fiscal cliff. today investors will be watching for fresh housing data and earnings from economic and holiday bellwether fedex. >>> this morning, swiss banking giant ubs announced it will pay a record $1.5 billion fine over its role in a global interest rate fixing scheme. >>> in the wake of the newtown massacre, cerberus is selling its majority stake in bushmaster firearms, the rifle used in friday's school shooting. >>> mark zuckerberg is making good on his promise to donate the majority of his wealth to charity, donating 18 million facebook shares worth about $500 million to the silicon valley community foundation. >>> oracle beat the street's estimates after the bell, and google's effort to put everything on the web, it's now boasting an online archive of high res images of the dead sea scroll dating from 1st century b.c. to 1st century a.d. >>> and follow-up on a sticky situation we told you about over the summer. police in canada charged two suspects in connection with an $18 million maple syr
that was amid optimism that a deal will be reached on the fiscal cliff. today investors will be watching for fresh housing data and earnings from economic and holiday bellwether fedex. >>> this morning, swiss banking giant ubs announced it will pay a record $1.5 billion fine over its role in a global interest rate fixing scheme. >>> in the wake of the newtown massacre, cerberus is selling its majority stake in bushmaster firearms, the rifle used in friday's school shooting....
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, a new attempt to keep the country from plunging over the fiscal cliff. >> with time running out there are signs of possible progress in the attempt to head off a massive tax increase. it is monday, december 10th. >>> from abc news, this is "world news now." >> good monday morning. i'm sunny hostin in for paula faris. >> i'm john muller, rob nelson has the morning off. we're going to find out what the president and house speaker boehner are saying after a face to face meeting over that fiscal cliff. also this half-hour -- hopes and prayers for nelson mandela, the human rights hero in a south africa hospital this morning. >> also coming up, new hope in the fight against alzheimer's disease, experimental surgery to implant a kind of pacemaker for the brain is showing early success. >> an interesting one. >> yes. >>> later, daytime smack down, wendy williams lets loose with some harsh word about beyonce. what the talk show host is saying about the singer coming up in "the skinny." >> that's never going to go well. talking badly about beyonce. a bad move. >> going after beyonce is a tough
, a new attempt to keep the country from plunging over the fiscal cliff. >> with time running out there are signs of possible progress in the attempt to head off a massive tax increase. it is monday, december 10th. >>> from abc news, this is "world news now." >> good monday morning. i'm sunny hostin in for paula faris. >> i'm john muller, rob nelson has the morning off. we're going to find out what the president and house speaker boehner are saying after a...
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a lot of columns this morning talking about this issue, the ongoing fiscal cliff negotiations. here is "the washington post." we are taking your thoughts on the issue. but gutted the independent line. welcome to the "washington journal." caller: i agree also with a caller on the democrat line. i agree with what he was referring to -- c-span changing a with bias. the issues, they did not talk about it. the ones who are behind it are the political parties. the industrial military complex host: if the country does off of the fiscal cliff, who do you think it's more of the blame on this? it is the president of the united states or congress? caller: the people are being brainwashed to not speak up and get together like an tahrir square and rise up and say, we have to do it with this. we have to do away with destroying the country. we have to do away with $1 billion to a number of countries including israel. host: all right. we want to point out this from "usa today," in there opinion page. we are taking your calls for the next half hour or so on this segment. i want to point out a p
a lot of columns this morning talking about this issue, the ongoing fiscal cliff negotiations. here is "the washington post." we are taking your thoughts on the issue. but gutted the independent line. welcome to the "washington journal." caller: i agree also with a caller on the democrat line. i agree with what he was referring to -- c-span changing a with bias. the issues, they did not talk about it. the ones who are behind it are the political parties. the industrial...
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the fiscal cliff is still a few days away, but business owner don carlino says he's already feeling the impact. >> a lot of our customers are holding back, they're apprehensive. they're not committing to projects. they're waiting to see what happens with the fiscal cliff. >> hope is fact if congress can get it done before january 1st. even congressional leaders are skeptical. >> the american people have a right to be very upset with this congress. >> president obama has invited nancy pelosi, john boehner, mitch mcconnell, and harry reid to the white house this afternoon for a fiscal cliff summit. >> here we are five days from the new year, and we might finally start talking. >> today's white house meeting might be the last chance to come to an agreement. that's because it takes time for a bill to work its way through both chamber of commerce. >> i don't know time wise how it can happen now. >> under senate rules, the only way a bill could make its way through the procedural hurdles in time is if every senator agrees not to. they'll have 24 hours. outside the beltway, carlino will be wat
the fiscal cliff is still a few days away, but business owner don carlino says he's already feeling the impact. >> a lot of our customers are holding back, they're apprehensive. they're not committing to projects. they're waiting to see what happens with the fiscal cliff. >> hope is fact if congress can get it done before january 1st. even congressional leaders are skeptical. >> the american people have a right to be very upset with this congress. >> president obama has...
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we're live with the breaking details. >> president obama facing the so-called fiscal cliff this morning. calls for cooperation as the nation closes in on a looming crisis that could affect everything from your paycheck to the federal budget. >> storm victims with another setback, gas rationing now in new york city. >> ever seen a new business and thought, why didn't i think of that? we're going to introduce you to local entrepreneurs who took their ideas all the way to the top. i think about that all the time. i really do. good morning, i'm tony perkins. >> i'm alison seymour. it's friday morning. let's concentrate on that. >> yes. >> instead of what we didn't do. >> friday, it's beautiful. showing a live shot with holly. >> can i tell you something? tucker has some good ideas. you just got to -- you really do. for businesses. you have to act on them. >> he does? >> he does. >> you've never shared them. >> i've never developed them. >> it's up here. it's how it starts. >> all good ideas until somebody else does them. >> why you have to do them. >> i like my current job. >> you really do
we're live with the breaking details. >> president obama facing the so-called fiscal cliff this morning. calls for cooperation as the nation closes in on a looming crisis that could affect everything from your paycheck to the federal budget. >> storm victims with another setback, gas rationing now in new york city. >> ever seen a new business and thought, why didn't i think of that? we're going to introduce you to local entrepreneurs who took their ideas all the way to the...
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>> the fiscal cliff puts it in jeopardy. many are afraid to invest in their business and hire new workers. make plans. >> no longer vetting a deal is done by new year's eve f. one comes by early january definitely a possibility. the economic impact should be minim minimal. if one comes later than that the damage to the economy is already done and you will see more talk of recession and analysts started cutting the earnings growth in the fourth quarter. >> one thing they don't like is uncertainty. apple released a new product and there will be another new product. >> now that you got them under the christmas tree. a man who has been right predicting apple products before a 5th generation ipad will look like the mini but some what thinner narrower and shorter than a regular ipad so not as small. apple is working on another generation of the ipad mini. it could be two new products. >> we could have just wasted our money at christmastime. >> sales were down from what was expected. >> yeah, the holiday shopping season a disappoin
>> the fiscal cliff puts it in jeopardy. many are afraid to invest in their business and hire new workers. make plans. >> no longer vetting a deal is done by new year's eve f. one comes by early january definitely a possibility. the economic impact should be minim minimal. if one comes later than that the damage to the economy is already done and you will see more talk of recession and analysts started cutting the earnings growth in the fourth quarter. >> one thing they don't...
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Dec 31, 2012
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with just hours yet to go, congress has yet to reach a deal on the fiscal cliff. the senate does reconvene at 11:00 a.m. this morn, monday. i'm veronica delacruz, let's get you back to the program. >>> take a ride on any prostitution track in any big city in america and you'll see waves of young women trading their bodies for quick cash. but what you don't see is the pain and despair burning inside many of these girls who are often coping with the fallout from child sexual abuse. >> i was sexually abused four times by the time i was 10. >> like many of the women and young girls forced to strip or perform sex acts for money, raleigh was a good kid whose innocent childhood was suddenly cut short by sexual abuse. >> if it's continuously happening to you like it was to me, you start to feel like what are you good for, what are you here for? i sometimes used to ask myself in the mirror, why am i here? >> she started ditching school. her grades sunk. >> raleigh's mother, jean, reached her wit's end as she watched her daughter's young life go off the rails in high school
with just hours yet to go, congress has yet to reach a deal on the fiscal cliff. the senate does reconvene at 11:00 a.m. this morn, monday. i'm veronica delacruz, let's get you back to the program. >>> take a ride on any prostitution track in any big city in america and you'll see waves of young women trading their bodies for quick cash. but what you don't see is the pain and despair burning inside many of these girls who are often coping with the fallout from child sexual abuse....
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Dec 21, 2012
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the morning after his embarrassing fiscal cliff debacle at the hands of his own gop caucus, the speaker emerged with the understatement of the year. >> it's not the outcome that i wanted. that was the will of the house. >> reporter: rather than hold the vote and lose badly, the speaker abruptly pulled his plan b. john boehner's strategy had been to protect republicans from political blame if everyone's taxes go up january 1st. boehner's republican allies lashed out at colleagues who rebucked their speaker. >> it weakens the entire republican party, the republican majority. it's the continuing dumbing down of the republican party and we are going to be suing for more and more as a bunch of extremists. >> reporter: what made the speaker sting even worse was his conference hours earlier. >> you stood here earlier and expressed confidence that you were going to pass that bill. >> sure did. >> reporter: what went wrong? >> we have -- listen, there was a perception created that that vote last night was going to increase taxes. >> reporter: that's why democratic sources tell cnn, one emerging
the morning after his embarrassing fiscal cliff debacle at the hands of his own gop caucus, the speaker emerged with the understatement of the year. >> it's not the outcome that i wanted. that was the will of the house. >> reporter: rather than hold the vote and lose badly, the speaker abruptly pulled his plan b. john boehner's strategy had been to protect republicans from political blame if everyone's taxes go up january 1st. boehner's republican allies lashed out at colleagues who...
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on to the fiscal cliff this morning. the president cutting his vacation short in hawaii. the president plans to leave for washington tonight. congress expected to return on thursday. president, guys, not expected to actually arrive in washington until tomorrow morning. no talks scheduled that we know of as of yet. all the attention's going to turn to the senate, which tends to be more of a compromising body than the house is. >> yes. and the president is available in person if you should want to go over there and visit with him. or perhaps if he wants to visit with anybody else. the consensus seems to be if you get some sort of a deal, it's obviously not going to be the big deal. it will simply be something that extends the tax cuts for the vast majority of americans, at least those earning less than $250,000 a year. the consensus seems to be, carl, that if we don't get a deal by the second or third or fourth week, the super bowl week, we'll start to feel it in the economy. >> we had a notable sell-off. there is typically a bias on christmas eve, but the worst christmas e
on to the fiscal cliff this morning. the president cutting his vacation short in hawaii. the president plans to leave for washington tonight. congress expected to return on thursday. president, guys, not expected to actually arrive in washington until tomorrow morning. no talks scheduled that we know of as of yet. all the attention's going to turn to the senate, which tends to be more of a compromising body than the house is. >> yes. and the president is available in person if you should...
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Dec 30, 2012
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to talk about the fiscal cliff. >> i'm arguing for maintaining tax cuts for 98% of americans. i don't think anybody would consider that some liberal left wing agenda. that used to be considered a republican mainstream agenda. >> joining me senator olympia sn snowe of maine. let me start with that. it does seem sort of counter intuitive to have republicans wanting to fight for tax hikes for no one and in that fight, being willing to allow tax hikes for everyone? >> you know, i would agree with that. obviously it is important to make sure that middle income america does not confront a tax increase at the beginning of next year, which is less than two days away. that is critical. the second part is, of course, is trying to address the spending cuts that are going to be crucial next year as well. more for the long-term debt reduction that i think republicans are talking about, but the bottom line is, we should pass this tax extension for middle income america before we adjourn this year. >> and what is -- what do you -- where do you think this will land? as we understand it now, t
to talk about the fiscal cliff. >> i'm arguing for maintaining tax cuts for 98% of americans. i don't think anybody would consider that some liberal left wing agenda. that used to be considered a republican mainstream agenda. >> joining me senator olympia sn snowe of maine. let me start with that. it does seem sort of counter intuitive to have republicans wanting to fight for tax hikes for no one and in that fight, being willing to allow tax hikes for everyone? >> you know, i...
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senator mccain is also talking about know big topic the fiscal cliff. he says the current tax cuts could be extended for another six months. >> meeting this week is interesting. to be a sense of urgency as the market indicates. i think it depends on both sides and what they view is the lesson of the election. republicans maintain their majority in the house. the preside there's a possibili could kick the can down the road for 6 months or so by putting everything on hold. if you are really going to solve this problem if you are really going to address it you have to go after entitlements. everybody knows that's the third rail. that part has to be bipartisan the way it was with tip o'neil and ronald reagan. >> the fiscal cliff making investors nervous but not consumers. that's one of the stories you can bank on this morning. if you looked at cyber monday all of the deals you are not alone. early numbers show that sales were on track to break records. lauren simonetti joins us to look at these numbers. >> i went shopping yesterday, did you? >> i did, actua
senator mccain is also talking about know big topic the fiscal cliff. he says the current tax cuts could be extended for another six months. >> meeting this week is interesting. to be a sense of urgency as the market indicates. i think it depends on both sides and what they view is the lesson of the election. republicans maintain their majority in the house. the preside there's a possibili could kick the can down the road for 6 months or so by putting everything on hold. if you are really...
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Nov 9, 2012
11/12
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you know, not everyone believes that the consequences of going over this fiscal cliff are going to be so severe. people are talking about a global financial crisis, another u.s. credit downgrade. those who do say there absolutely has to be a compromise. shortly after the confetti fell on election night both sides claimed victory in their vision of how to deal with the economy. >> there was a message sent to us by the american people based on the campaign. people making all this money have to contribute a little bit more. >> the american people made clear there's still a mandate for raising tax rates. >> reporter: president obama won re-election on the idea that the wealthiest americans should pay more in taxes. a new study said the president's plan would increase revenue and slow economic growth by a tenth of a percent. >> good afternoon, everyone. >> reporter: republicans point to a different study. >> the independent accounting firm of ernst and young said going over the fiscal cliff and raising taxes on the top two rate would cost jobs. >> reporter: how to avoid this fiscal cliff a
you know, not everyone believes that the consequences of going over this fiscal cliff are going to be so severe. people are talking about a global financial crisis, another u.s. credit downgrade. those who do say there absolutely has to be a compromise. shortly after the confetti fell on election night both sides claimed victory in their vision of how to deal with the economy. >> there was a message sent to us by the american people based on the campaign. people making all this money have...